Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said Tuesday. In its latest World Economic Outlook report, the IMF cut its 2017 growth forecast for the region comprising the Middle East, North Africa, Afghanistan and … Read more
Saudi Arabia is aiming for a major boost in female employment in the conservative Islamic kingdom but women need not go to an office, the labour ministry said. “Telework” and work from home will generate up to 141,000 jobs by 2020, providing “decent and proper” employment particularly for women and the disabled, the ministry said … Read more
Nigeria’s gross domestic product fell by 1.5 per cent in 2016 due to lower oil revenues, the National Bureau of Statistics said on Tuesday, for its first annual contraction in 25 years. Africa’s largest economy slid into recession in the second quarter of 2016 as a slump in crude prices hammered the OPEC member’s public … Read more